Key Points
The reactive response in the U.S. was perfect, effectively stemming the crisis, he said, adding the ideal would have been to provide liquidity to challenged banks ahead of time...
Standard Chartered Chief Executive Bill Winters said on Monday he sees a big recession in the United States as unlikely, although a period of negative growth was possible...
I think its less the question of a massive decline in the U.S. I think thats very, very unlikely, Winters said at conference in Dubai, adding the economy was extremely strong...
Central banks need to make sure that solvent banks otherwise healthy banks have access to liquidity, Winters said adding that the U.S. Federal Reserve did not do a good job in the eye in the storm...
Asked if Standard Chartereds biggest shareholder would stick by it if another Gulf lender came after it, Winters said: We have all the capacity and resources we need to keep on growing and keep on living an independent life...
